Morocco
Morocco Retains BB+ Credit Rating as Fitch Cites Economic Resilience
Fitch Ratings, the American rating agency, has maintained Morocco’s long-term foreign currency debt rating at BB+ with a "stable outlook".
Topic
Deficit
Morocco
Morocco's Treasury Debt Nears 1 Trillion Dirhams, Up 8% from 2021
For the year 2022 that is coming to an end, the Treasury’s debt would be around 958 billion dirhams (BMDH), while in 2021 it was 885 BMDH, according to Attijari Global Research (AGR).
Morocco
Morocco Slashes Budget Deficit by 47% as Tax Revenues Surge
At the end of last October, Morocco’s budget deficit eased, standing at 25.1 billion DH against 47 billion DH a year earlier, according to the statement of Treasury charges and expenditures.
Morocco
Morocco Maintains 'BB+' Credit Rating Despite Drought-Induced Economic Slowdown
Fitch Ratings confirmed on November 4 Morocco’s long-term foreign currency issuer default rating at "BB+" with a stable outlook. The American rating agency also expects a monetary tightening by Bank Al-Maghrib.
Morocco
Morocco Maintains BB+ Credit Rating as S&P Cites Economic Reforms
S&P Global Ratings announced the maintenance of its BB+ ratings assigned to Morocco’s long-term sovereign issues, with stable outlooks.
Morocco
Morocco's Trade Deficit Widens 15.5% in 2021 as Imports Outpace Export Growth
Over the whole of 2021, Morocco’s trade exchanges experienced a significant rebound, marked by an increase in the trade deficit to 15.5%, according to Bank Al-Maghrib.
Morocco
Fitch Maintains Morocco's 'BB+' Credit Rating Amid Economic Challenges
The American rating agency Fitch Ratings confirmed on May 13 Morocco’s long-term foreign currency issuer default rating at "BB+" with a stable outlook. This rating "reflects a favorable debt composition, reasonably comfortable liquidity reserves and a track record of macroeconomic stability, reflected in relatively low inflation and GDP volatility prior to the Covid-19 pandemic".
Morocco
Severe Drought Slashes Morocco's Cereal Production by Half, Minister Reports
Agriculture Minister Mohamed Sadiki announced during his last appearance in parliament that cereal production this year will be greatly reduced due to the drought that Morocco is experiencing.
Morocco
Morocco's Budget Deficit Holds Steady at 51.2 Billion Dirhams in October
At the end of last October, Morocco’s budget deficit stood at 51.2 billion dirhams, according to the statement of treasury charges and expenses, at the same level as that recorded a year ago.
Morocco
Morocco's 2022 Budget Deficit Projected at 5.9% of GDP, Exceeding Previous Forecasts
The 2022 Finance Bill is based on a budget deficit of nearly 72.6 billion dirhams (MMDH), or 5.9% of gross domestic product (GDP).
Morocco
Morocco's Budget Deficit Shrinks as Economic Recovery Takes Hold
At the end of last September, Morocco’s budget deficit has clearly regressed, according to the statement of the Treasury’s charges and expenses. It stood at 38.2 billion DH against 42 billion DH a year earlier.
Morocco
Morocco's Economy Contracts 6.3% in 2020 Amid COVID-19 Crisis, Central Bank Reports
The Governor of Bank Al-Maghrib, Abdellatif Jouahri , presented on Saturday to King Mohammed VI the annual report of the Central Bank on the economic, monetary and financial situation of the kingdom for the year 2020. The year 2020 was mainly disrupted by the health crisis related to Covid-19.